SOURCE: Wall Street News Alert

July 20, 2006 09:44 ET

UCPI Continues to Issue Positive News: Obtains Rig to Begin Drilling Prospect Within the Next 40 Days! July 20, 2006

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL -- (MARKET WIRE) -- July 20, 2006 -- Wall Street News Alert's "stocks to watch" this morning are: Unicorp, Inc. (OTCBB: UCPI), EMC Corp. (NYSE: EMC), General Electric Company (NYSE: GE) and Halliburton (NYSE: HAL).

Unicorp, Inc. (OTCBB: UCPI) continues to issue stellar news which should excite investors this morning! Yesterday, after the stock markets closed, the company issued another press release, this time announcing that it has obtained a drilling rig to drill its Mississippi oil prospect, an approximate 6,800 foot well to test the Upper Tuscaloosa formation in Greene County, Mississippi. The location has been staked and the application to drill has been filed with the Mississippi State Oil & Gas Board.

This is yet another announcement from the company that has the potential to be great news! Unicorp will be the designated operator of the project and will have a 60% working interest and an approximate 46.8% net revenue interest in the well.

According to the press release, and as previously reported, based upon cumulative production figures of similar wells offsetting this drilling location in the North Sand Hill Field and the Flat Branch Field, it is estimated that the Unicorp well could have 130,000 barrels of oil reserves which equates to $9,620,000 in gross production over the life of the well at today's prices of $74 per barrel. There is no guarantee that this well will be successful or that these numbers will be achieved due to production and/or price fluctuations. Unicorp's net revenue interest would equate to 46.8% of the gross production.

"We are pleased that we have identified a drilling rig to drill this prospect," stated Arthur Ley, COO of Unicorp. "We expect to begin drilling operations on this well within the next 40 days and, if successful, this prospect will provide a significant increase in shareholder value."

Wall Street News Alert is continuing to place Aggressive Investors on alert to monitor the progress of Unicorp! The company is on a roll! On Tuesday the company announced that it expects to begin drilling two additional wells on its North Edna Prospect within 60 days and that the initial well drilled tested at 175 bopd or $4,725,000 gross annual production. Unicorp's working interest is 30% and its net revenue interest is approximately 21% of gross production in these two wells.

In a release issued last week, the company announced that it expects to be profitable from operations, excluding non-cash charges, by the end of 2006 and revenue to increase by more than 300% compared to 2005. "We are very pleased that 2006 is shaping up to be a banner year where we will achieve profitability for the first time in the company's history," stated Kevan Casey, CEO of Unicorp.

Unicorp's barrage of good news has had an effect on the company's stock over the past several days. Trading as low as fifty five cents a share in the last week, the stock reached $1.30 on Monday and traded just under $1.00 yesterday.

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In case you are not familiar with the company: Unicorp, Inc is primarily engaged in the acquisition, development, exploration and production of crude oil and natural gas. Its focus is on aggressively acquiring working interests in crude oil and natural gas properties with the intent of exploration and development or by enhancing production through the use of modern development techniques such as horizontal drilling, satellite technology and 3-D seismic. The company's goal is to achieve a high return on its investment by limiting its up-front acquisition costs, by quickly developing its acquisitions and by practicing a sound and smart approach to oil and gas exploration and development.

EMC Corporation (NYSE: EMC) up 1.8% on 24.2 million shares traded. EMC Corporation is one of the leaders in products, services and solutions for information storage and management.

General Electric Company (NYSE: GE) up 1.2% on 25.4 million shares traded. General Electric Company, a diversified technology, media and financial services company.

Halliburton (NYSE: HAL) up 0.2% on 15.3 million shares traded. Halliburton is one of the largest providers of products and services to the petroleum and energy industries.


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